Artificial Intelligence (AI)
Artificial Intelligence will change the future of how we do business in the current market. In general, it will change the future. This technology is more complex than anything humans have ever created. The rise in AI is a very real aspect of the world we live in. With companies looking to cut costs and increase innovation to new frontiers, AI is being developed to help with both. However, the thought of having technology that is able to consciously think is scary to some. Although some may fear it, AI has numerous benefits to utilizing this technology in the business world.
Clear Description of the Technology
According to John McCarthy at Stanford, Artificial Intelligence is “the science and engineering of
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There have been numerous articles discussing the amount of “reading” AI is able to do in very short amount of time. The application in the business world is too stay update on market trends and new in that very moment. This simple application of AI to business would make costs lower and revenue higher. Financially, the advantage of using this would be exponential. However, this would put a lot of people out a job because if a program can read and process data quicker than a human, then the human would be obsolete. This is a potential benefit for business but a huge potential risk for …show more content…
However, AI is expected to change the whole world, so focusing on three specific industries will not be hard. The three main industries in which AI will effect will be the health care industry, the financial industry, and the transportation industry. All three of the industries are very different but will be disrupted by the rise in AI. Initially, AI will affect the health care industry by saving more lives. Obviously, if AI can sequence and learn about every single person on earth it can eliminate the human error associated with the industry. Furthermore, the rise of AI’s ability to process data will allow the machines to be on the cutting edge of medicine every day. Another obvious impact of the use of the machines is that which according to Roberto Novoa, a dermatologist based at Stanford, “A.I. don’t get tired.” He believes that the technology will be able to put in more man hours in researching cancer treatment because humans have to sleep after a certain
AI will begin to replace human jobs. They are beginning created to be more like humans and learn the human ways. According to “With the introduction of machines that can complete human’s jobs quicker, more accurate, and cheaper, the rate of jobs lost is climbing. Ever since the introduction of factory machines people have been losing jobs to technologies.”(Health Research Funding, 2014). This shows how AI will begin taking humans jobs because if they do the work faster, better, and
Essentially, this means humanity is attempting to create a being that can think for itself and have emotions, but is not biological. If this technology is developed, it could mean that big corporations can use this technology to manipulate the public. If artificial intelligence becomes able to detect emotions from humans, companies can use this tactic to make people believe that these robots care for them. Detecting emotions can lead to synthetic reactions from the robot, which can be misinterpret as real emotions from the artificial technology. Robots will never feel all human emotions because they are not biological creatures, for example robots can never feel hunger because they do not have hormones or DNA (Maciamo Hay). Additionally, if big companies get their hands on strong A.I., they can truly learn about human emotions and thinking processes from a logically point of view. Researching and testing on strong artificial intelligence will allow these companies to gain information about the human mind and how it functions; this can be dangerous because they could potentially use this newly found information against the public. Catering their ads, products, and services to human weaknesses is now possible through strong A.I. This new form of data can be implemented into every new design and business plan rendering humans to become
Artificial intelligence(AI) is refer to as computer algorithms that show functions that represent intelligence or duplicate certain components and elements of intelligence (Novella, 2017). Computers are good at crunching numbers, running algorithms, recognizing patterns, and searching and matching data. Artificial intelligence is also defined as the stimulation of human intelligence, functioned or processed by machines, especially computer system (Rouse, 2016). These processes involved learning which means the acquisition of information and the rules for using the information, reasoning whereby using the rules to achieve approximate conclusions, and lastly is self-correction. AI has applications in almost every way we use computers in society (Smith, 2006).
Artificial Intelligence continues to grow and expand at a fast rate, which begs the question, will Artificial Intelligence move to the top of the food chain? Artificial Intelligence is software that is meant to tackle tasks that would normally require a human intellect. It is created by a number of algorithms that operate within in certain parameters, which allows it to complete certain tasks. Nils J. Nilsson, professor of Stanford University describes Artificial intelligence as “ an activity devoted to making machines intelligent, and intelligence is that quality that enables an entity to function appropriately and with foresight in its environment”. The article on the New York Times Debate page talks about the advancement of Artificial Intelligence,
Throughout the article, Ford uses data to provide information on the current state of unemployment. He notes that from analysis, it was determined that the U.S. market is highly polarized from existing technology. Because of this polarization, it will be challenging for workers to find new jobs, if AI becomes more widespread and used. Ford concludes that, “it becomes somewhat difficult to imagine just what jobs might be left for even the most capable human works” if AI ever matches or exceeds human intelligence.
When most people think of artificial intelligence they might think of a scene from I, Robot or from 2001: A Space Odyssey. They might think of robots that highly resemble humans start a revolution against humanity and suddenly, because of man’s creation, man is no longer the pinnacle of earth’s hierarchy of creatures. For this reason, it might scare people when I say that we already utilize artificial intelligence in every day society. While it might not be robots fighting to win their freedom to live, or a defense system that decides humanity is the greatest threat to the world, artificial intelligence already plays a big role in how business is conducted today.
Scientists claim that devices with Artificial Intelligence will replace office workers during next 5 years (Maksimova).According to this statement it is possible to say that AI has a great influence on humanity. Pursuant to Oxford Dictionary Artificial Intelligence or AI is the theory and development of computer systems able to perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages(dictionary).Firstly, this research will analyze positive and negative impacts of development of Artificial Intelligence on economic sphere. Then, author going to discuss social effects of Artificial Intelligence. After the considering all perspectives that link to this topic, the last step will be to draw a conclusion.
It involves a number of different sciences including computer science, psychology, linguistics, philosophy, and mathematics. The main problem with A.I. is that human intelligence is difficult to copy and recreate. Simple things like interacting and communicating with others is remarkable hard to program. Computers would have to understand natural language; the same way another person would. It would have to think and form ideas based on questions. According to, Patrick Winston a professor at CSAIL, “simple mistakes like answering “Richard Nixon” on a question asking for a first lady points to... lack of human-like intelligence”.(Winston) Currently there are many project by large organizations that claim they found ways to get computers to understand people. Its still very early to say what the future of A.I. will be, but in a world where everybody uses phones and computers its probably going to be a big part of
Artificial Intelligence, also known as AI, allows a machine to function as if the machine has the capability to think like a human. While we are not expecting any hovering cars anytime soon, artificial intelligence is projected to have a major impact on the labor force and will likely replace about half the workforce in the United States in the decades to come. The research in artificial intelligence is advancing rapidly at an unstoppable rate. So while many people feel threatened by the possibility of a robot taking over their job, computer scientists actually propose that robots would benefit a country’s efficiency of production, allowing individuals to reap the benefits of the robots. For the advantage of all, researchers and analysts have begun to mend the past ideas of human-robot interaction. They have pulled inspiration from literary works of Isaac Asimov whom many saw as the first roboticist ahead of his time, and have also gotten ideas of scholarly research done by expert analysts. These efforts have began to create an idea of a work force where humans and robots work together in harmony, on a daily basis.
It can standardize processes and aggregate data in a way that allows it to be used for preventative medicine. The potential for this technology within the healthcare industry is immeasurable. As AI and cognitive computing mature further over the next few years, they will become key competitive differentiators for healthcare institutions. It is likely that without implementation of one or more AI-based systems, that our hospital will no longer be a facility of choice in the area. Lowering costs and improving the delivery of effective care we provide to our patients is paramount.
Most of us are so used to using technology and automated processes that we, as a society, have become almost reliant and dependent on it. The article begins by explaining how automated systems have made such an impact on the financial market and in financial services; everything from trade execution to risk management is now automated. Even with trading volume alone, 75% of it is handled by a type of automation (Davis, Kumiega, and Van Vilet). The authors explain how putting so much confidence in automation technology can be very risky and introduce a number of ethical issues. A good example of this was seen in 2012 when the Knight Capital Group used their new trading software which caused them to lose $440 million in less than a half hour and also crashed the New York Stock Exchange (Davis, Kumiega, and Van Vilet). At first glance, it may seem like the only harm done was to the company itself and the inconvenience of closing down the stock mar...
The approach to artificial intelligence should be proceeded with caution. Throughout recent years and even decades before, it has been a technological dream to produce artificial intelligence. From movies, pop culture, and recent technological advancements, there is an obsession with robotics and their ability to perform actions that require human intelligence. Artificial intelligence has become a real and approachable realization today, but should be approached with care and diligence. Humans can create advanced artificial intelligence but should not because of the harm they may cause, the monumental advancement needed in the technology, and that its harm outweighs its benefits.
Chat-bots programmed with Artificial Intelligence such as Slack can store a lot of data and produce it later for future reference. Apple’s SIRI and Microsoft’s Cortana are already being used to do menial tasks and set reminders for days far into the future.
Recently, the media has spent an increasing amount of broadcast time on new technology. The focus of high-tech media has been aimed at the flurry of advances concerning artificial intelligence (AI). What is artificial intelligence and what is the media talking about? Are these technologies beneficial to our society or potential threats? Medical facilities, police departments, and manufacturing plants have all been changed by AI. Will machine language and artificial neural network replace humans in the future?
Artificial intelligence is an idea of if the human thought process can be mechanized. It was around the 1940’s – 50’s that a group of people came together to discuss the possibility of creating an artificial brain and its uses. These people were a variety of scientists from different fields such as mathematics, economics, engineering, and etc. This was the birth of the field of artificial intelligence. While artificial intelligence would prove to be technologically revolutionary by introducing new ideas such as quantum computers or robots, said new ideas could result in the downfall of mankind. The result could range to being the plummet of the economy, the end of the human race, or even the corruption of the next generation and onwards. All of these problems resulting in the possibility of the end of the earth. The more we need to learn more about technology and further advance it, the closer we are getting to the extinction of the human race. These are the reasons why the advancement of artificial intelligent should be halted or banned so no harm can be done even without the intentions.